CFO Publishing Releases Study on the Work-Life Balance of Senior Finance Executives

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Details tradeoffs CFOs are making to manage professional and personal lives

In May of this year, CFO magazine conducted a survey of more than 400 CFOs and senior finance executives to gauge and understand their work-life balance. Published in the June issue of the magazine, the survey findings support the hypothesis that many CFOs shortchange their personal lives, and some even endanger their health, as they seek to manage expanding professional responsibilities.

In the survey, senior finance executives at organizations with less than $1 billion in annual revenues report that they work an average 53 hours per week, while executives at organizations with more than $1 billion in annual revenues report that they work an average of 58 hours per week. Among all the senior finance executives surveyed:

  •     89% report that the expectation that they will respond to emails/messages outside of normal business hours has increased compared to five years ago
  •     73% agree that, over the last two years, advances in mobile technology and better connectivity to enterprise systems have increased their total number of hours devoted to work
  •     68% report they have suffered from “burnout”
  •     52% say that work-related stress has had a harmful effect on their health at some point in their career
  •     27% say that they use all of their vacation time

In response to an open-ended survey question, senior finance executives proffered a great deal of advice for their peers on managing work-life balance. One VP of Finance & Operations summarized the end-goal: “The definition of ‘success’ needs to include effective management of work-life balance, so life accomplishments outside of work are not only possible; they’re an integral part of how success is perceived.”

Interestingly, despite the workloads that senior finance executives shoulder, 67% indicate that, if they were beginning their career again, they would still choose a career in finance.

Complete survey findings can be found on

CFO Publishing and its Innovation Enterprise brand are the leading global voice in enterprise information and innovation providing access to cutting edge thought leadership content across 7 distinct channels including Finance, Big Data, Analytics, Strategy, Innovation, Digital, & Operations. We specialize in serving the information needs of the senior finance and business executive with focused and award-winning content targeted to the Chief Financial Officer, Chief Data Officer, Chief Strategy Officer, Chief Innovation Officer, Chief Digital Officer & Chief Technology Officer. In addition to content channels, our products and services include live conferences & summits, on-demand video content, webcasts, white papers, lead generation services, custom events and custom research. Whether it's delivered online or in person, everything we produce reflects the company's unshakable belief in the power of information to spur innovation within and across the communities we serve.

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Danielle Balestra
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